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According to RAC1, the lawyers representing the club and the players have already met. The club needs to cut the salary bill by 190 million euros before Thursday.
Barcelona could be declared bankrupt if they can’t reduce your salary bill by 190 million euros by the end of next week, RAC1 reports. Negotiations to lower salaries began on Friday with a meeting between the club’s lawyers and the players.
by Barça, It’s a race against time. They need to reach an agreement with players to reduce salaries by 30% before Thursday, November 5 or risk being declared bankrupt in January. One of the most worrying situations is the relative Leo Messi because if you decide not to renew your contract, the club will also be obliged to pay you a bonus for reaching the end of your contract.
The president of the Management Committee, Carles Tusquets, who assumed the management of the club after the decision of Josep Maria Bartomeu and his board of directors to resign, explained how difficult the economic situation was last week: “Our main concern is the puppy’s finances. . The pandemic has particularly affected Barcelona. The club depends on tourism and now, all that income has been lost; the situation is not very comfortable, we have to accept the ideas of the previous meeting to find a way to address the problems we are facing ”.
Barça have seen how the pandemic has had a spectacular impact on their income and as things stand, the situation seems like it could continue until the end of the season. The official club shops and museum have lost business and the Champions League prize money has also been reduced.
Source: m.allfootballapp.com
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